Stay Alfred, the nationwide urban vacation rental company based here, has opened a new 49-unit vacation rental property in New Orleans. 

The company, which focuses on urban vacation and corporate rentals in the downtown areas of cities, currently has a total of 330 units for rent in 12 markets. 

The new rentals in New Orleans are located in the 19th century Factors Row Building, at the corner of Carondelet and Perdido streets, about three blocks from the city’s iconic French Quarter.  

The building formerly housed cotton merchants, who were part of the New Orleans’s cotton exchange from the late 1800s to the 1960s. Well-known French artist Edgar Degas is said to have painted a picture of one of the building’s cotton offices in 1873 while visiting his mother’s Louisiana relatives.

The building now holds 12 one-bedroom units, 35 two-bedroom rentals, and two three-bedroom penthouses. Each unit contains private bedrooms and bathrooms, fully equipped kitchens, access to a fitness center, and en-suite laundry. 

Jordan Allen, president of Stay Alfred, says the new rentals are a big step for the company, as this is the first time it has rented an entire building. 

“Leasing the whole building gives us so many more options, both for the maintenance and site operations,” says Allen. “This particular building is very nice, and has some of the highest-end finishes of any we’ve been in.” 

Allen says part of the company’s future vision is to establish a brand that is a cross between vacation rentals and hotel-style services. 

“Leasing on the larger scale is a part of that vision, that has so many benefits both operationally like decreased marketing and cleaning costs, while at the same time offering more services that can add to a great guest experience.” he says.

Prior to the opening of the 49-unit Factors Row building, Stay Alfred had 44 other units in New Orleans. Stay Alfred has begun accepting reservations at the new property for travel dates beginning in July.

The company’s revenues for 2015 totaled $13.5 million, and it currently anticipates its revenues surpassing $23 million by the end of 2016.

Allen says the company also plans in the coming months to open new rental units in Dallas, Chicago, and Atlanta. 

In addition to the new rental properties available in New Orleans, Stay Alfred offers one, two, and three-bedroom vacation rentals in 11 other U.S. cities, including Boston; Dallas; Denver; Memphis, Tenn.; Nashville, Tenn.; Philadelphia; Portland, Ore.; San Antonio; San Diego; Seattle; and Washington, D.C.